We are very conscientious regarding accounting matters.
As rental property managers it is our duty to reconcile every penny of income and each expense. All of us work relentlessly to make sure that every landlord has the tools and paperwork to know exactly where is income is going to and coming from. To accomplish this task we use one of the most powerful programs in our profession: Rent Manager.
We strive to process and deposit rents on the same day they are received. Funds are deposited into an escrow account (not into our operating account). We prepare a monthly statement that shows the rent received as well as any expenses which we have paid on the property owner's behalf. The monthly statement is also available online. The statement will show what monies we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. Furthermore, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we organize the monthly reports into a year-end report. In January we mail the rental investors, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Beacon Hill Property Management Resources
Basics
Elementary info about what rental managment in Beacon Hill.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a great renter in Beacon Hill fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
An overview of prices of property management services in Beacon Hill
Vetting
How Nesbitt Realty vets renters for our clients.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental investments?
Clients
Who uses Nesbitt Realty management services?
Your investment in real estate is a business like any other. As a landlord, you have expenses, income and with perseverance, you also have the expectation of financial reward.
In the business of real estate investment, nearly all cashflow comes from tenants. And that's the catch: If you have tenants, you will have problems. Even the best of tenants have needs and all properties will require maintenance or management at some point. A property management company takes all the hassle out of rental management.
Do you need understand more about this community?
Nesbitt Realty's Guide to Real Estate is a helpful resource for anyone who wants to investigate real estate facts about Beacon Hill and neighboring communities. The Guide to Real Estate compiles data about what has sold and what is for sale, as well as many interesting facts that you may not know. And, our Guide highlights some assets of living in Beacon Hill. Naturally, most of this is interesting for buyers and sellers, but rental investors and tenants will probably also find this information to be very edifying.